The growth attributed to lower shelf life, higher damage, and rising infrastructure. Electricity segment has the highest market share in the handyman service market in the repairs & maintenance category, thriving at a CAGR of 21.34%.The growth prospects are attributed to the traditional channel and holds multiple physical channels to provides its long range of services. Based on deployment, the Offline segment is expected to grow at a CAGR of 20.27% during the forecast period of 20.Europe is expected to account for 24.80% market share during the assessment year.The handyman service market is expected to increase with a market share of 36.5% in North America.Covid-19 though affected the market big enough due to the shutdown and logistics ban implemented by the governments around the world to stop the spread. The growth has never been limited for the handyman services as new services keep on adding to market’s components. The factors behind the slowed growth and market’s recovery is what FMI explains in the report. The market has now partially recovered from the loss faced by the market during the course of the covid-19 pandemic. These new devices include home and office appliances like computer systems, memory grids, electric grids, inverters, and power generators.
The handyman service market survey defines the wide range of services and its alignment with the new objects and devices that come in the use in professional and personal spaces. The expanding service sector has led the market’s success
Handy market drivers#
Global study on handyman services market explains that even after the course of the pandemic, the growth drivers of handyman services remain active. 24, 2022 (GLOBE NEWSWIRE) - The handyman service market is expected to observe growth at a CAGR of 17.2% and is forecasted to touch a valuation of USD 1.65 bn by 2032, while it holds a revenue of USD 339.0 Mn in 2022
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